RCG-2482

Cedar Bluff Urgent Care

Rough-InWatch

Cedar Bluff Health Network · 44 Quarry Bend Road · West Valley · Medical Office TI

Projected margin vs bid

−0.90pts

10.6% projected · 11.5% bid · (11,525)

Project manager

S. Okafor

Superintendent

A. Reyes

Project executive

R. Arden

Start

04 May 26

Substantial completion

06 Dec 26(was 04 Dec 26, +2d by CO)

Field schedule

6 days behind

Superintendent’s note · Six days behind on the rooftop unit set; the crane date slipped twice on landlord roof access. In-wall inspection booked 17 Sep.

Revised contract

$1.43M

$1.42M contract + $12k in 3 approved COs

Projected final cost

$1.28M

revised budget $1.27M

Cost variance

−$12,900

projected final cost against revised budget

Cost to date

$520k

41% of projected final cost

Billed to date

$601k

42% of contract · overbilled $19k

Retention held

$60k

10% withheld by owner

Value at risk

$13k

2 change orders built without approval

Progress

Cost percent complete: 41%
Field percent complete: 38%
Schedule percent elapsed: 59%

Cost is −19 points behind the calendar. 88 days remain to substantial completion and $759,900 of cost is still to spend.

Margin bridge

Margin in the bid1,420,000 at 11.5%	163,300
+Margin on approved change orders3 approved · 11,925 sold against 10,550 of cost	1,375
+Cost variance against revised budgetoverruns and savings across 12 cost codes	(12,900)
= Projected margin10.6% of 1,431,925	151,775

Largest movers

07 Thermal & Moisture	(5,600)
26 Electrical	(5,350)
05 Metals	(3,000)
23 HVAC	(2,000)
22 Plumbing	1,600

Open exposure

$13,387 of value at risk. 2 change orders are being built in the field without a signed change order. $11,900 of that cost is already in the forecast; none of the revenue is in the contract.

5 of 5 change ordersStatusCause

	Description						Submitted
CO-003	Relocate roof curbs to clear structure	Field Coordination	Submitted to Owner	5,950	6,842	2d	17 Jun 26	84
CO-005	Missing roof drain overflow scuppers	Design Error / Omission	Submitted to Owner	5,950	6,545	2d	15 Aug 26	25
CO-002	Duct and sprinkler main conflict above corridor	Field Coordination	Approved	4,400	5,060	1d	13 Jun 26	44
CO-001	Add access panels at valve and damper locations	Field Coordination	Approved	2,000	2,300	—	30 May 26	26
CO-004	Omitted expansion joint at slab transition	Design Error / Omission	Approved	4,150	4,565	1d	27 Jun 26	12
Total — 5 change orders				22,450	25,312	of which 13,387 is at risk

Subcontractor insurance certificates on this job: 18 firms under contract, 1 with an expired or expiring certificate.